Which of the Following Is a Key Advantage of Networks

question 113

Multiple Choice

Which of the following is a key advantage of networks over other organizational forms?

• A) They reduce the cost of sharing information.
• B) They adapt quickly to new circumstances.
• C) They are easier to manage.
• D) They take less time to establish.

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Definitions:

Variance

The difference between planned or expected results and actual results in financial and operational metrics.

Budgeting

The process of creating a plan to spend your money, creating an estimate of revenues and expenses over a specified period.

Revenue and Spending Variances

The difference between projected and actual figures for income and expenditures, used to manage and adjust financial planning.

Equipment Depreciation

The process of allocating the cost of tangible assets over their useful lives, representing wear and tear on equipment.